LenderLive Network Expands FacilitiesDENVER-LenderLive Network Inc., an end-to-end mortgage services provider, announced an expansion of its offices in both Denver and Troy, Mich.For info: www.lenderlive.comLSI To Open 2nd Contact CenterELGIN, Ill.-Lending Solutions, Inc., said it will open a second 24/7 contact center in May, this one in Naperville, Ill.For info: www.lendingsolutions.comOverdraft Management Tool OfferedWILMINGTON, N.C.-Velocity Solutions has launched Intelligent Limit System (ILS) V12, which it said enables banks to manage overdraft services to comply with the most recent guidance outlined by the FDIC and OCC.For info: www.myvelocity.comTMG Launches ClearTrendDES MOINES, Iowa-The Members Group unveiled a new data analytics tool called ClearTrend it says will help identify market and operational trends to make better business decisions by viewing measures such as account balance, delinquency growth and cardholder spending.For info: www.themembersgroup.comMeridianLink Helps GTE Build LoansCOSTA MESA, Calif.-MeridianLink said following the deployment of the company's loan origination platform in April 2011, GTE Federal Credit Union, Tampa, Fla., recorded an average increase of 83% in lending activity during the last six months of 2011.For info: www.meridianlink.comCU-NEXT Helps Small CUsPANAMA CITY, Fla.-CU-NEXT has developed a presentation, titled "Limit Your Losses...for Your Credit Union and for Your Members," that highlights how economic and regulatory considerations have changed the landscape for the collections business and how credit unions can implement specific practices to safeguard their members' assets and their credit union's bottom line.For info: www.cu-next.comTexas Trust CU Signs With VSoftWASHINGTON-VSoft Corporation said Texas Trust CU, Mansfield, Texas, has chosen the company's branch item capture, home office capture and ATM image processing solutions, and will deploy the solutions through VSoft's data center, VServe.For info: www.vsoftcorp.comCUNA Mutual Enhances CSIWASHINGTON-CUNA Mutual Group said it has added a new online resource to its Cyber & Security Incident insurance package that provides policyholders with front-end education and awareness of cyber liability and data breach risks, as well as access to a "Breach Coach" and other remediation tools should a breach occur.For info: www.cunamutual.comVisit www.cujournal.com today!
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Lenders pulled back on commercial real estate loans in 2023, as high interest rates put pressure on property values. They're now returning to the sector, and the renewed competition is prompting a pricing war.
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With the 10-year Treasury yield at levels not seen in 52 weeks, the 30-year fixed rate mortgage rose 15 basis points over last Thursday, Freddie Mac said.
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